Archives for: November 2008, 17
Buying Down Interest Rates For Your Buyers Instead of Discounting The Price
November 17th, 2008At our monthly real estate investor meeting last week (here in Northern Colorado), I discussed with the group my preferred strategy for getting a huge marketing advantage to sell houses quickly for full price. This is the strategy I recommend BEFORE deciding to drop the price on your properties. It is especially effective with low interest rates.
Here's how it works. Let's say you are trying to sell a $200,000 home and you'd consider dropping the price $10,000 and selling it for $190,000 to get it sold quickly. Rather than dropping the price $10,000, you might instead consider
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!
Cedar Rapids Deal: $15.59 Per Square Foot
November 17th, 2008I want to share with you some information about a property in Cedar Rapids located at 638 C Ave NW. This particular property is for sale and was submitted by one of our researchers, but I'll be using it as an example. If you want to run your own full investor analysis on this property, you can do that using our Offer Generator.
Let's look at this 3 bedroom, 1.00 bathroom property located at 638 C Ave NW that has an asking price of $18,500.
| Price Paid (% of Asking Price) | Price/Square Foot |
| $22,200 (120%) | $18.70/square foot |
| $21,275 (115%) | $17.92/square foot |
| $20,350 (110%) | $17.14/square foot |
| $19,425 (105%) | $16.36/square foot |
| $18,500 Full Price | $15.59/square foot |
| $17,575 (95%) | $14.81/square foot |
| $16,650 (90%) | $14.03/square foot |
| $15,725 (85%) | $13.25/square foot |
| $14,800 (80%) | $12.47/square foot |
As you can see from the table above, if you know what a typical Cedar Rapids property sells for on a price per square foot basis, you can quickly use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
I also have additional information that Jassen recorded on audio CD on Selecting the Best Real Estate Deals. On the audio CD recording and members only password protected website Jassen covers determining Fair Market Value, how to find comparable sales, an overview of the 3 offers I typically make as well as some other additional information. If you're new to investing in Cedar Rapids then you may be interested in checking that out as well as the other free articles and resources on the Cedar Rapids, Iowa Real Estate Resources website.
Keep on investing Cedar Rapids,
James
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!
Wholesaling Plan and Real Estate Investor Career Options
November 17th, 2008We've got some very exciting information this week before we head into the Thanksgiving holiday next week.
If you login and play the Learn To Be Rich™ Game this week and complete a full game, besides learning a great deal about business, your finances, investing and real estate, you'll also earn yourself a free real estate course download.
The download for this week is called: Real Estate Mentoring Call Volume #6: Wholesaling Plan and Real Estate Investor Career Options. This audio CD which you can download as MP3 audio files, will help you learn about a plan for wholesaling real estate for immediate income as a real estate investor and go over some of the options you have available to you as a real estate investor considering investing as a career.
Just login, start and finish a new game and on the End of Game Summary page, you will see a link to download the course. The link will disappear at the end of the week, so download it now.
Or, if you'd rather not play the game this week, but see the value in the real estate course, you can order a physical CD and have it rushed to you by using the order link below.
Until my next post,
James
Get priority e-mail notifications of new real estate deals, a FREE real estate course and more real estate investor articles. Click here!
